Daily News

View All News

Canada adds 22,200 jobs in August; drop in full-time jobs offset by rise in part-time jobs

September 08, 2017

Canada added 22,200 jobs in August from July, as gains in part-time work offset a loss of full-time jobs, according to seasonally adjusted numbers released by Statistics Canada. The number of part-time jobs rose by 110,400 in August while full-time jobs fell by 88,100.

Total employment in Canada was more than 18.4 million in August. The unemployment rate edged down to 6.2% from 6.3% in July.

While not a particularly strong result by itself, today’s report brings the total number of new jobs created over the last year to a “staggering” 374,000, The Conference Board of Canada said in a statement. And despite the drop in full time employment this month, almost 60% of the new positions created over the last year have been full-time jobs.

“The Bank of Canada has signaled that future changes in monetary policy will be data dependent, and today’s news that wage growth picked up will increase speculation of a rate hike in October,” said Craig Alexander, senior VP and chief economist at The Conference Board of Canada.

Provincially, Ontario was the lone province with a notable employment gain in August. Employment in Ontario rose by 31,100 in August from July, the third increase in four months; the province gained 57,500 part-time jobs but lost 26,300 full-time jobs. Ontario’s unemployment rate fell to 5.7% from 6.1% in July and the lowest level since January 2001.